CoreLogic: More foreclosures lead to fewer underwater mortgages

CoreLogic also focused on 25 city areas in its September report, two of which are in Florida: The Tampa-St. Petersburg-Clearwater area had 13,094 foreclosures for the year (ending in August) and 11.3 percent of homes with a mortgage in some stage of the foreclosure process. The foreclosure inventory was down 0.8 percent year-to-year.

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Bank foreclosures continue to climb. In Nevada, 67 percent of homes with mortgages were underwater in the third quarter, more than any state, CoreLogic said. It also has the highest rate of foreclosure filings, with one in 79 households receiving a notice of default or foreclosure in October, according to RealtyTrac.

Black Knight: Home prices rise 1% in April from March The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 0.4 percent in March. The gasoline index continued to increase, rising 5.7 percent and accounting for over two-thirds of the.

CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, down from 11.2 million and 24 percent from the first quarter of 2010. Foreclosures, rather than meaningful price appreciation, were the primary driver in the change in negative equity.

core mortgage risk index by cbsa q1-2009 Fraud and collateral risk-which have been climbing since 2003-were initially the principal factors driving the CMRI rise that started in late 2005. By late 2007, however, the rapid decline of home prices became the primary cause of increased mortgage risk.

Brinkmann calls it one of the two "triggers" that lead to foreclosure. If homeowners have positive equity, they can use it as a source of cash to pay bills, including mortgages.

Until now, HARP has helped fewer. a foreclosure-related notice last month, according to RealtyTrac Inc. Across the country, approximately 10.9 million, or 22.5 percent, of all residential.

Data released by First American CoreLogic. a reverse mortgage due to the lack of equity in their homes, even though they are the homeowners arguably most at risk for foreclosure. The increasing.

Fewer Nevada homeowners are underwater on their mortgages, but only because many have lost their homes to foreclosure, a California research firm said. corelogic reported today that Nevada continued to lead the nation in the second quarter with 60 percent of its mortgaged properties underwater – a situation where the owner owes more on the.

As attorneys general in other foreclosure-battered states step up their investigations into fraudulent mortgage. "underwater," their owners owing more on their loans than the properties are worth,

and significantly fewer borrowers are underwater today compared to last year,” said Anand Nallathambi, CoreLogic president and chief executive. Nallathambi said CoreLogic projects U.S. home prices.

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